Golden Dragon Auto's Major Shareholder Plans to Sell Up to 1% Stake

According to an announcement by Golden Dragon Bus, as of the disclosure date, shareholder Fujian Investment Group holds 73,927,575 shares of the company, representing 10.31% of the total share capital. These shares were acquired through a private placement in 2015. Due to its own operational needs, Fujian Investment Group plans to sell no more than 7,170,474 shares—equivalent to no more than 1% of the company’s total share capital—via centralized bidding transactions between July 20, 2026, and October 19, 2026. This share reduction will not have a material impact on the company's governance structure or future operations.